The US has once again put the Crypto Bank on its radar: Inquiry has been initiated! - Coin Bulletin

The El Dorado Task Force of the U.S. Department of Homeland Security has begun reviewing the anti-money laundering and financial crime policies of the cryptocurrency bank Anchorage Digital.

US-based crypto bank Anchorage Digital has once again come under the radar of regulators. According to a report by Barron’s, the El Dorado Task Force, which operates under the Department of Homeland Security and works to prevent international financial crimes such as money laundering, has reached out to former employees of the bank. The team requested information from the former employees regarding the bank's current and past policies and procedures.

While Anchorage has not yet made an official statement on the matter, the full details and scope of the investigation have not yet been clarified. It was also noted that Anchorage's general legal counsel Tuong Vy Le recently transitioned to a consultancy position to explore other job opportunities.

Anchorage Digital has had similar issues before. In 2022, the Office of the Comptroller of the Currency (OCC) had ordered **"cease and rectify" due to deficiencies in the bank's Know Your Customer (KYC) and anti-money laundering (AML) procedures. In line with this order, Anchorage had to restructure its compliance policies and hire new staff.

Anchorage CEO Nathan McCauley stated that he supported the initiative announced by US President Donald Trump as "Operation Choke Point 2.0" at the digital asset summit hosted by the White House last March, which aims to facilitate crypto companies' access to bank accounts.

Recently, with the stance of U.S. regulators towards the crypto sector becoming more moderate under the Trump administration, Anchorage is also increasing its collaborations with leading institutions in the sector. The bank has signed digital asset custody agreements with giant financial institutions such as Cantor Fitzgerald and BlackRock in the past month.